Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Down 59.7% in June

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,827 shares, a decrease of 59.7% from the June 15th total of 9,493 shares. Based on an average daily volume of 4,609 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Ballast Small/Mid Cap ETF Stock Performance

NYSEARCA MGMT opened at $50.15 on Monday. Ballast Small/Mid Cap ETF has a twelve month low of $38.90 and a twelve month high of $51.33. The stock has a 50-day moving average of $49.01 and a 200 day moving average of $47.71. The stock has a market capitalization of $177.03 million, a price-to-earnings ratio of 16.95 and a beta of 0.87.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors have recently bought and sold shares of the company. Miller Global Investments LLC acquired a new position in shares of Ballast Small/Mid Cap ETF during the fourth quarter valued at approximately $710,000. Janney Montgomery Scott LLC increased its stake in shares of Ballast Small/Mid Cap ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after acquiring an additional 2,031 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Ballast Small/Mid Cap ETF during the 2nd quarter worth $184,000.

Ballast Small/Mid Cap ETF Company Profile

The Ballast Small\u002FMid Cap ETF (MGMT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively-managed fund that aims for positive risk-adjusted returns. MGMT was launched on Dec 2, 2020 and is managed by Ballast.